Goldman Sachs hits refresh in Asia

Late every Monday night Kate Richdale and Andrea Vella dial into a call with Goldman Sachs’ top investment bankers. Over the summer months the mood was sombre as the small group of high financiers discussed falling fees in Asia and how much they would have to shrink headcount.

Richdale and Vella have only been in the job of co-heads of investment banking in the region about 18 months and new management usually means a cool-headed review of business. Goldman Sachs’ top investment bankers in Asia just hit the refresh button.

Richdale and Vella talked to FinanceAsia about their decision to cut the bank’s 300 investment...